X Says Polymarket Is ‘Official Prediction Market Partner’
Posted on: June 6, 2025, 05:27h.
Last updated on: June 6, 2025, 05:31h.
- Social media giant, prediction market are joining forces
- Announcement arrives weeks after rumored deal between X and Kalshi
Elon Musk’s X, the social media site formerly known as Twitter, announced today it is partnering with prediction market Polymarket.
The announcement, which posted by the official X account, arrived less than three weeks after Polymarket rival Kalshi said it would use xAI to push data and news relevant to prediction markets. However, it was later revealed that a May 20 tweet from Kalshi co-founder Tarek Mansour was premature and that no such deal was in place between the companies.
X’s announcement on the relationship with Polymarket was brief: “we’re joining forces with Polymarket as our official prediction market partner.” But Grok, the X’s artificial intelligence (AI) assistant, provided more detail.
The X-Polymarket partnership, announced June 6, 2025, integrates Polymarket’s prediction market platform into X, allowing users to bet on event outcomes like elections or sports using cryptocurrency,” according to a Grok response to an X user query. “This could enhance engagement, offer real-time insights, and enable potential earnings for accurate predictions. However, concerns include gambling-like risks, regulatory hurdles, and accessibility for non-crypto users.”
Grok added that the full scope of the X/Polymarket partnership is unclear, though it’s possible future integration could embedding various prediction markets into posts on X. Such a feature would depend on regulatory approval and user adoption.
Polymarket Could Be Less Controversial Partner for X
Kalshi is the prediction markets heavyweight, but its move into sports contracts has drawn significant scrutiny. The company is facing a slew of state-level legal challenges with states arguing that those derivatives constitute sports wagering, meaning companies offering those instruments are flouting state laws because they don’t have gaming licenses.
Like Kalshi and PredicIt, Polymarket garnered more attention on the back of the 2024 US presidential election – an event that brought prediction markets into the spotlight. And like its rivals, Polymarket does offer sports contracts. However, Polymarket isn’t fighting for sports derivatives on par with Kalshi and it hasn’t yet drawn the ire of regulators as has its rival. That could be a sign it’s a less controversial partner for X.
“Since its launch in 2020, Polymarket has experienced tremendous growth as it has emerged as a vital source of trusted real-time information around the world. Over $8 billion of predictions were made on Polymarket in 2024, and billions of dollars of predictions have been made on Polymarket so far in 2025,” according to a statement issued by the prediction market operator.
The company describes itself as a the largest of its kind and in what could be a sign it’s learning from Kalshi’s legal flaps, Polymarket’s press release doesn’t contain the word “sports,” but it does say the company is “the world’s most accurate source for forecasting elections, events, and cultural shifts.”
Polymarket Partnership Could Deepen X Crypto Ties
Including Kalshi, prediction markets are increasingly embracing cryptocurrency as an account-funding mechanism, but Polymarket has been there from its inception. According to its website, the only way to fund an account on the platform is with USD Coin (USDC), a stable coin pegged to the US dollar.
Contracts on Polymarket are purchased via the Polygon cryptocurrency, which is based on the Ethereum blockchain. The token has ties to some other wagering entities. Ethereum is the second-largest digital currency behind only Bitcoin. Formerly Matic Network, Polygon is one of the leading cryptocurrencies for transactions involving non-fungible tokens (NFTs).
Polygon solves pain points associated with blockchains, like high gas fees and slow speeds, without sacrificing security. This multichain system is akin to other ones, such as Polkadot, Cosmos, Avalanche, etc., according to the token’s developers.
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